Bolt Group Strengthens for Global Growth Strategy with Industry Leader David Foster Appointed Chair-Elect
The Bolt group (Bolt) is proud to announce the appointment of David Foster as Chair Elect of their board.
With a distinguished career in financial services, notably as the former CEO of Suncorp Bank and Chair of Bendigo Adelaide Bank and Youi Insurance. His leadership is set to propel Bolt's ambitious global expansion strategy, focusing on smarter retail customer finance solutions, innovative payment options and embedded finance capabilities. Foster brings over 30 years of industry expertise including leading Suncorp Bank through a transformative period, driving growth and innovation in financial services.
“This appointment marks a strategic milestone as the group strengthens partnerships and enhances its infrastructure and go-to-market capabilities. David’s leadership will be key as we continue delivery of our roadmap and expand into new markets” said Founder, Jarod Feng.
Foster added, “The financial services industry is undergoing a paradigm shift and Bolt is at the forefront of this transformation. I’m excited to contribute to its vision of building the future of finance.”
Bolt's mission is to revolutionise financial services, underscored by its achievements including, the development of unique payment solutions through advanced payment portals and a comprehensive API platform.
Bolt has also strategically secured principal member status with Mastercard and UnionPay, offers alternative payment solutions via Alipay and WeChat Pay, has established a specialised partnership with Universal Studios and strengthened SOC 2, PCIDSS, and ISO certifications.
Bolt assists retail customers via a SuperApp, with the ability to deliver financial inclusion to communities, in Australia and overseas. Some of Bolt’s most requested products include card issuing, account structuring, multi-currency wallets, smart payments - local and international, transaction monitoring and compliance technology.
The appointment of David Foster signals a new era of growth for the Bolt group as it forges a path both locally and internationally, securing new business and supporting existing partners through its unique capabilities and suite of retail and business-focused, payment, finance, and compliance solutions.
About Bolt Group
The Bolt group includes Bano Pty Ltd and Build Baas Pty Ltd, offering a range of financial products, technology and services. These include a financial super app for retail customers, business banking for SMEs and corporates, and customisable "as a service" solutions for institutional clients.
